Esterline Reports 1Q Results From Continuing Operations; Income $8.4 Million, or $.33 Per Share, on $205.7 Million Sales 2/23/2006 By Administrator Account on
BELLEVUE, Wash., Feb. 23, 2006 — Esterline Technologies (NYSE/ESL www.esterline.com), a leading specialty manufacturer serving aerospace/defense markets, today reported fiscal 2006 first quarter (ended January 27) income from continuing operations of $8.4 million, or $.32 per diluted share, on $205.7 million sales. Year-ago income from continuing operations was $10.1 million, or $.41 per share, on sales of $189.8 million. (The year-ago results do not include $7.5 million, or $.31 per share, principally from the gain on the sale of the company’s Fluid Regulators subsidiary, accounted for as a discontinued operation. Including this divestiture, first quarter 2005 net earnings were $17.6 million, or $.72 per diluted share.)